Dec, 31, 2023 — SEWERAGE & WATER BOARD EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $8.10 million in total assets. Opened 87 years ago in 1937, SEWERAGE & WATER BOARD EMPLOYEES FEDERAL CREDIT UNION has about 1,610 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SEWERAGE & WATER BOARD EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 625 Saint Joseph St # B13 NEW ORLEANS, LA 70165-6500 |
Phone: | (504) 585-2014 |
Fax: | |
Website: | https://www.swbfcu.com |
Branches: | 1 branch locations |
Members: | 1,610 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2056 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,101,977 |
CEO/Manager: | Mindy M Taylor |
Chairperson: | Joseph Ladek, Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 842,007 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 662,757 |
Other Loans | 3,239,006 |
TOTAL LOANS | 3,901,763 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,190 |
Land And Building | 0 |
Other Fixed Assets | 1,329 |
NCUSIF Deposit | 88,556 |
All Other Assets | 0 |
TOTAL ASSETS | 8,101,977 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 53,831 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,302,832 |
Regular shares | 5,765,582 |
All Other Shares & Deposits | 405,792 |
TOTAL SHARES & DEPOSITS | 7,474,206 |
TOTAL LIABILITIES | 7,528,037 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 573,940 |
TOTAL EQUITY | 573,940 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,101,977 |
INCOME & EXPENSE | |
Loan Income | 280,984 |
Investment Income | 143,222 |
Other Income | 121,411 |
Total Employee Compensation & Benefits | 248,760 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 361,538 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,350 |
Cost of Funds | 4,901 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,564 |
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» See also Statement of Financial Condition